E-Home Household Service Holdings Limited (NASDAQ:EJH) Sees Large Drop in Short Interest

E-Home Household Service Holdings Limited (NASDAQ:EJH) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,463 shares, a drop of 75.3% from the April 15th total of 14,045 shares. Based on an average trading volume of 10,680 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of E-Home Household Service in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

E-Home Household Service Price Performance

E-Home Household Service stock traded up $0.10 during trading on Wednesday, reaching $1.42. The company had a trading volume of 31,341 shares, compared to its average volume of 16,080. E-Home Household Service has a 12-month low of $1.25 and a 12-month high of $311.25. The stock’s 50 day moving average price is $3.58 and its two-hundred day moving average price is $14.38.

E-Home Household Service (NASDAQ:EJH) last released its earnings results on Monday, April 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $13.15 million for the quarter.

Insiders Place Their Bets

In other E-Home Household Service news, CEO Xie Wenshan bought 540,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was purchased at an average cost of $1.25 per share, for a total transaction of $675,000.00. Following the acquisition, the chief executive officer owned 552,295 shares of the company’s stock, valued at $690,368.75. The trade was a 4,392.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 10.68% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in E-Home Household Service stock. Citadel Advisors LLC bought a new position in shares of E-Home Household Service Holdings Limited (NASDAQ:EJH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,464 shares of the company’s stock, valued at approximately $30,000. Citadel Advisors LLC owned approximately 0.71% of E-Home Household Service at the end of the most recent quarter. 37.31% of the stock is currently owned by hedge funds and other institutional investors.

About E-Home Household Service

E-Home Household Service (NASDAQ:EJH) is a China-based provider of residential and commercial household services delivered through an integrated online platform. The company connects end customers with a network of vetted service providers, offering a one-stop solution for a range of in-home and property maintenance needs. E-Home’s technology-driven model emphasizes convenience, transparent pricing and quality control, enabling customers to book services via mobile app or web interface and track job progress in real time.

The company’s core service offerings include professional house cleaning, renovation and decoration, plumbing and electrical repairs, HVAC maintenance, landscaping and moving assistance.